Power of Compounding in Mutual FundsJournal: International Journal of Science and Research (IJSR) (Vol.10, No. 11)
Publication Date: 2021-11-05
Authors : Ishika Mittal;
Page : 469-473
Keywords : Compounding; effect; interest; calculator; investment;
Compounding can make things appear to be larger than they really are. This effect can arise when returns resulting from an event are compounded over a long holding-period. With compound interest, the interest that you earn increases with the increase in your investment (monthly/quarterly/semi-annual/or annual investment plus the interest that you are earning on this investment). This calculator will help you calculate the worth of your investment after a set number of monthly investments or even a single, initial investment, based on the interest accrued on the invested amount. This paper aims to know the Power of Compounding in Mutual Funds.
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